Senatorial Campaign Committees Pay Down Debts

The campaign committee of Senate Democrats raised more than the Republicans in May, but both committees were able to make $1 million-plus repayments on outstanding bank loans from last year's election.

The Democratic Senatorial Campaign Committee reported it raised $4.9 million and spent $4 million in May, leaving $9.6 million cash on hand, and $12.5 million in debts. The committee received $3.9 million from individuals, $409,510 from PACs and other committees, and $511,400 from other party committees. The committee made a $1.25 million repayment on an outstanding loan with Bank of America. The committee also a $34,200 payment to Soneet Kapila, Chapter 7 trustee in Miami, and a $5,000 payment to Douglas Kelley, receiver, in Minneapolis.

The National Republican Senatorial Committee reported raising $3.6 million and spending $3.7 million during May, leaving $7 million cash on hand, and $8 million ind debts. The committee received $2.7 million from individuals, $479,700 from PACS and other committees and transferred in $500,927 from other party committees. The committee spent $1.7 million on operating expenses; transferred $400,000 to the Republican Party of Massachusetts; and repaid $1.5 million of an outstanding bank loan with Wells Fargo Bank.